If you haven’t been following our 20/3/8 rule for purchasing a car, should you pay your car off as quickly as possible or over the normal term of the loan (even if it’s longer than 3 years)?

Rather than driving a clunker off the lot and spending more in maintenance and repairs than a dependable car would cost, it may make sense to take out a car loan and follow our 20/3/8 Money Guy guideline.